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Single Currency Inches to New Highs

EURUSD

Wave of EUR buying buoying EURUSD in recent trade, which edges through the Thursday & overnight highs to narrow the gap with the 50-dma at 1.2158.

  • The Feb 5 price pattern, a bullish engulfing reversal, is still in play reinforcing current conditions.
  • Jan 22 high at 1.2190 marks key resistance

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